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by 0_____0
528 days ago
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I think it's really important to press people on this point, because "vacant homes as an investment vehicle" gets trotted out as a thought-killing cliche. Surely there are some pied-a-terre and vacant investment properties, but vacant rental housing in NYC for example was 1.4% in 2023. I'm not sure how they measure this, but even if you doubled the amount of available rental housing, it would still be an insanely hot rental market. Places that have stable or decreasing housing prices (NoLa, Austin) have over 10% of rentals vacant. |
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